EX-12 3 lg-2013930xex12.htm EXHIBIT 12
Exhibit 12

THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Fiscal Year Ended September 30,
| 2013 |  | 2012 |  | 2011 |  | 2010 |  | 2009
(Thousands of Dollars) |  |  |  |  |  |  |  |  |
Income before interest charges and income taxes | $ | 98,938 |  |  | $ | 113,875 |  |  | $ | 118,424 |  |  | $ | 107,986 |  |  | $ | 126,517 |
Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) | 2,009 |  |  | 1,591 |  |  | 1,799 |  |  | 1,825 |  |  | 1,833 |
Total Earnings | $ | 100,947 |  |  | $ | 115,466 |  |  | $ | 120,223 |  |  | $ | 109,811 |  |  | $ | 128,350 |
Interest on long-term debt | $ | 25,539 |  |  | $ | 22,958 |  |  | $ | 23,161 |  |  | $ | 24,583 |  |  | $ | 24,583 |
Other Interest | 3,063 |  |  | 1,988 |  |  | 2,256 |  |  | 2,269 |  |  | 5,163 |
Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) | 2,009 |  |  | 1,591 |  |  | 1,799 |  |  | 1,825 |  |  | 1,833 |
Total Fixed Charges | $ | 30,611 |  |  | $ | 26,537 |  |  | $ | 27,216 |  |  | $ | 28,677 |  |  | $ | 31,579 |
Ratio of Earnings to Fixed Charges | 3.30 |  |  | 4.35 |  |  | 4.42 |  |  | 3.83 |  |  | 4.06 |